International Business News - MRO http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of oil and gas companies fell Wednesday after the U.S. government reported a jump in crude and gasoline supplies, and prices fell on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080716/sector-wrap-oil-and-gas-shares-slide.htm Wed, 16 Jul 2008 15:50:05 EDT The same historically high oil prices that are expected to contribute to massive profits for the major oil companies in the second quarter are dragging heavily, once again, on their refining operations. http://www.ibtimes.com/articles/20080715/oil-companies-refiners-hurt-by-refining-margins.htm Tue, 15 Jul 2008 14:43:57 EDT Marathon Oil Corp. said Wednesday it expects to post a loss of about $250 million in the second quarter related to crude oil derivative instruments. The mark-to-market portion of that loss will be an estimated $220 million, the company said. http://www.ibtimes.com/articles/20080709/marathon-oil-sees-derivatives-charge-in-2q.htm Wed, 09 Jul 2008 18:39:28 EDT Following is a summary of top stories in the energy sector Wednesday afternoon. Oil Contracts Virtually Unchanged http://www.ibtimes.com/articles/20080709/energy-sector-roundup-crude-holds-steady.htm Wed, 09 Jul 2008 16:25:03 EDT Marathon Oil Corp. said Wednesday it will sell some of its interests in acreage off Norway's coast to Britain's Centrica PLC for $416 million. As of year-end 2007, assets being sold contain net proved reserves of 4.8 million barrels of oil equivalent and net production of about 7,000 barrels of oil equivalent per day. http://www.ibtimes.com/articles/20080709/marathon-selling-norwegian-assets-for-416-million.htm Wed, 09 Jul 2008 08:33:05 EDT Following is a summary of top stories in the energy sector Tuesday afternoon. Crude Beats a Retreat http://www.ibtimes.com/articles/20080708/energy-sector-roundup-crude-futures-sink.htm Tue, 08 Jul 2008 15:41:21 EDT Following is a summary of top stories in the energy sector Thursday afternoon. Crude Settles Over $145 Ahead of Holiday http://www.ibtimes.com/articles/20080703/energy-sector-roundup-oil-heads-higher.htm Thu, 03 Jul 2008 15:46:19 EDT Following is a summary of top stories in the energy sector Wednesday afternoon: Oil Climbs to New High http://www.ibtimes.com/articles/20080702/energy-sector-roundup-another-oil-price-record.htm Wed, 02 Jul 2008 15:39:16 EDT Following is a summary of top stories in the energy sector Tuesday afternoon. Crude on the Rise Again http://www.ibtimes.com/articles/20080701/energy-sector-roundup-crude-ends-near-141.htm Tue, 01 Jul 2008 15:59:45 EDT Following is a summary of top stories in the energy sector Monday afternoon: Crude Falls Back from New Record http://www.ibtimes.com/articles/20080630/energy-sector-roundup-oil-approaches-144.htm Mon, 30 Jun 2008 15:55:33 EDT Following is a summary of top stories in the energy sector Friday afternoon. Crude Breaks Out to Settle at New High http://www.ibtimes.com/articles/20080627/energy-sector-roundup-oil-flirts-with-143.htm Fri, 27 Jun 2008 15:23:09 EDT Michigan's Upper Peninsula is expected to be the host of a $250 million plant that would turn wood chips into fuel. Gov. Jennifer Granholm and Boston-based Mascoma Corp. announced some details of the project Friday. The plant will be built at one of two sites under consideration in Chippewa County with the help of a $15 million grant from the state. http://www.ibtimes.com/articles/20080627/plans-for-250m-ethanol-plant-in-mich-announced.htm Fri, 27 Jun 2008 13:11:10 EDT Following is a summary of top stories in the energy sector Thursday afternoon. Crude Shoots Over $140 http://www.ibtimes.com/articles/20080626/energy-sector-roundup-crude-tops-140-a-barrel.htm Thu, 26 Jun 2008 15:32:36 EDT Following is a summary of top stories in the energy sector Monday afternoon. Saudi Production Rise Fails to Bring Down Oil http://www.ibtimes.com/articles/20080623/energy-sector-roundup-oil-rises-after-saudi-boost.htm Mon, 23 Jun 2008 15:44:56 EDT Following is a summary of top stories in the energy sector Friday afternoon. Crude Futures Higher, Ending Week Unchanged http://www.ibtimes.com/articles/20080620/energy-sector-roundup-oil-bounces-back.htm Fri, 20 Jun 2008 15:43:03 EDT Marathon Oil Corp. said Friday it has begun work to add capacity to its Detroit refinery after receiving approval from state authorities. The $1.9 billion project will boost the facility's capacity to 115,000 barrels per day, up from 102,000 barrels before, including the ability to refine 80,000 barrels per day of heavy oil. http://www.ibtimes.com/articles/20080620/marathon-oil-begins-detroit-refinery-upgrade.htm Fri, 20 Jun 2008 10:50:41 EDT Ashland Inc. received a report from the Internal Revenue Service that recommends an increase in federal income taxes for the tax period ended June 2005, according to a Securities and Exchange Commission filing on Thursday. http://www.ibtimes.com/articles/20080619/ashland-reports-new-income-taxes.htm Thu, 19 Jun 2008 12:36:41 EDT Refining shares fell Wednesday as oil prices pushed higher and fresh data showed gasoline demand continues to slip. The Amex Oil Index, a basket of refiners and integrated oil companies, sank 1.1 percent to 1,542.77. The broader market also fell, with the Dow Jones industrial average finishing at 12,029.06, down 1.1 percent. http://www.ibtimes.com/articles/20080618/sector-wrap-refining-stocks-fall-as-oil-rises.htm Wed, 18 Jun 2008 16:36:36 EDT Following is a summary of top stories in the energy sector Wednesday afternoon. Crude Back Up After Early Losses http://www.ibtimes.com/articles/20080618/energy-sector-roundup-oil-up-on-nigeria-concerns.htm Wed, 18 Jun 2008 16:12:29 EDT Following is a summary of top stories in the energy sector Tuesday afternoon. Crude Ends Lower Again http://www.ibtimes.com/articles/20080617/energy-sector-roundup-crude-back-to-134.htm Tue, 17 Jun 2008 15:26:46 EDT